An investigation of the control role and effectiveness of independent non-executive directors in Malaysian public listed companies

作者: Hairul Azlan Annuar , Hafiz Majdi Abdul Rashid

DOI: 10.1108/MAJ-09-2013-0936

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摘要: Purpose – The purpose of this study is to ascertain the control role independent non-executive directors (INEDs) in Malaysian public listed companies (PLCs), as prescribed Code on Corporate Governance (MCCG).The MCCG (2000) requires substantive involvement INEDs audit, nomination and remuneration board sub-committees. also examines effectiveness discharging their monitoring roles these Design/methodology/approach A qualitative research design consisting a series interviews with members Malaysian-owned PLCs Bursa Malaysia was used. Findings Interviews 27 company reveal that, due independence, are crucial safeguarding interests smaller investors if situations arise which shareholders’ may be threatened. disclose that audit committee possesses most authority among sub-committees, it derives its power not only from...

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